This post is part of a feature on “How Capitalists Think,” moderated and edited by Patrick Neveling (University of Bergen) and Tijo Salverda (University of Cologne).
This contribution looks at the implications of how capitalists think about corporate ethics and moral obligations in monoindustrial towns. I present the cases of two mining towns in Estonia and Kazakhstan that share the history of honoring labor dynasties. In both settings, during the Soviet period, labor dynasties had a special place in company histories and grandfather-father-son working together were celebrated through stories in newspapers, awards on miners’ professional holiday, and photos on the mine’s noticeboard. Ideologically, dynasties represented a “labor aristocracy” that was to replace the prerevolutionary hereditary aristocracy, and such workers were to serve as examples to others (Tkach 2003).